Inheritance tax in Norway

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In Norway , inheritance tax is levied on an acquisition due to death and gift tax is levied on a gratuitous gift between the living.

On January 1, 2014, inheritance tax was abolished.

Personal tax liability

The tax arises as inheritance tax, i.e. H. The part of the estate acquired by the heir is taxed. It flows to the community in which the testator (donor) lived (lives). In the case of unlimited tax liability, the entire estate, even if it is located abroad, is subject to tax. It exists if the testator either lived in Norway or was a Norwegian citizen. This does not apply if Norwegian nationals were resident abroad at the time of death and the acquisition is also subject to inheritance tax there. Properties located in Norway are always subject to Norwegian inheritance tax. Real estate located abroad and businesses with their registered office abroad are not taxed in Norway, even with unlimited tax liability, if they are subject to inheritance tax abroad.

Tax exemptions

Spouses and registered partners of equal status are exempt from inheritance tax. This also applies to partners who have been married or registered and to unregistered partners who live together if they have or had children together.

Tax classes, exemptions and tax rates

Otherwise, two tax classes are created,

  • Tax class I: children, adopted children, foster children and parents
  • Tax class II: all other people

The level of inheritance tax and the allowances are set each year by the Norwegian Parliament. The following amounts apply for 2009:

The general tax exemption is 470,000 kroner (approx. 55,000 euros) for everyone , plus an exemption amounting to 50% of the national basic insurance amount, which in 2009 was 35,128 kroner (approx. 4,100 euros). The additional tax exemption is valid for one year for all inheritances and gifts and does not apply to land or investments in companies. For minors and children in education, the exemption of 470,000 kroner increases by 50,000 kroner for every year up to the age of 21.

The rates resulting from the following table apply.

Inheritance tax Norway
(tax class III)
Value group Children, parents all other
up to 470,000 crowns 0 0
470,000-800,000 crowns 6% 8th %
over 800,000 crowns 10% 15%

rating

The tax is calculated from the general value of the inherited portion of the estate. Special valuation principles, which ultimately lead to valuation discounts, are used in the valuation of unlisted shares in corporations and personal companies, agricultural and forestry operations and for residential buildings.

Double taxation and international inheritance tax

Norwegian inheritance tax law generally avoids double taxation in that parts of the estate located abroad are exempt from Norwegian tax if they are subject to corresponding taxation abroad. In addition, Norway has concluded agreements with the other Nordic countries (Sweden, Denmark, Finland and Iceland) as well as Switzerland and the USA to avoid double taxation in the area of ​​inheritance tax.

Gift tax

Gifts are subject to the same provisions as acquisitions in the event of death, however, in addition to the recipient, the giver is also liable for paying the tax. Gifts that the heir received from the testator up to six months prior to the inheritance are added to the taxable portion of the inheritance.

See also

Individual evidence

  1. ↑ a b Norwegian Tax Administration: Guide to Norwegian Tax Administration, page 11, accessed November 16, 2012, (English) (PDF, 318 kB)
  2. ↑ skatteetaten.no: Inheritance Tax Obsolete , accessed on April 25, 2017
  3. ↑ a b c d Rembert Süß: Inheritance law in Norway , in Rembert Süß (Ed.): Inheritance law in Europe , 2nd edition 2008, Zerb Verlag, Angelbachtal, ISBN 978-3-935079-57-0 , page 1087, cf. 26
  4. ↑ a b KPMG: Tax facts Norway 2009, no. 9.1, accessed November 16, 2012, (English) ( Memento of the original from July 18, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 1.1 MB) @1@ 2Template: Webachiv / IABot / www.kpmg.no
  5. ↑ Norjus, Brief Overview of Norwegian Hereditary Rules, accessed November 16, 2012, (Norwegian)
  6. ↑ a b Norwegian Tax Administration: Avgift på arv og gaver, p. 5, accessed November 16, 2012 (Norwegian)
  7. ↑ a b Rembert Süß: Inheritance law in Norway , in Rembert Süß (ed.): Inheritance law in Europe , 2nd edition 2008, Zerb Verlag, Angelbachtal, ISBN 978-3-935079-57-0 , page 1086f., Tz. 25th
  8. ↑ Norwegian Ministry of Finance, List of DTAs with limited scope, accessed November 16, 2012, (English)
  9. ↑ Norwegian Tax Administration: Avgift på arv og gaver, p. 3, accessed November 16, 2012, (Norwegian)

literature

  • Rembert Suss: Inheritance law in Norway , in Rembert Suss (ed.): Inheritance law in Europe , 2nd edition 2008, Zerb Verlag, Angelbachtal, ISBN 978-3-935079-57-0 , pages 1081-1087